Owens Corning (NYSE:OC) Price Target Lowered to $179.00 at UBS Group

Owens Corning (NYSE:OC) had its price target cut by UBS Group from $210.00 to $179.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other research analysts have also issued research reports about the stock. Truist Financial decreased their price target on shares of Owens Corning from $165.00 to $135.00 and set a “hold” rating on the stock in a research report on Thursday, October 9th. Jefferies Financial Group reduced their target price on Owens Corning from $185.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Evercore ISI dropped their price target on Owens Corning from $169.00 to $153.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. Wells Fargo & Company reduced their price objective on shares of Owens Corning from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Bank of America dropped their target price on shares of Owens Corning from $180.00 to $168.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.92.

Owens Corning Price Performance

NYSE:OC traded down $0.85 during mid-day trading on Thursday, reaching $104.09. 1,603,683 shares of the stock were exchanged, compared to its average volume of 999,981. The company has a current ratio of 1.52, a quick ratio of 0.95 and a debt-to-equity ratio of 0.98. The business has a fifty day moving average price of $137.22 and a 200 day moving average price of $140.12. Owens Corning has a 1-year low of $103.05 and a 1-year high of $214.53. The firm has a market capitalization of $8.70 billion, a PE ratio of 27.04, a PEG ratio of 9.10 and a beta of 1.31.

Owens Corning (NYSE:OC) last posted its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.67 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.03. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. Owens Corning had a net margin of 2.98% and a return on equity of 24.49%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.38 EPS. Owens Corning has set its Q4 2025 guidance at EPS. Research analysts expect that Owens Corning will post 15.49 earnings per share for the current fiscal year.

Owens Corning Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, October 20th were paid a $0.69 dividend. The ex-dividend date was Monday, October 20th. This represents a $2.76 dividend on an annualized basis and a yield of 2.7%. Owens Corning’s dividend payout ratio (DPR) is presently -48.25%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Owens Corning during the second quarter worth about $163,719,000. Vanguard Group Inc. raised its holdings in Owens Corning by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 9,815,685 shares of the construction company’s stock valued at $1,401,876,000 after acquiring an additional 1,053,855 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Owens Corning by 67.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,380,123 shares of the construction company’s stock worth $339,930,000 after acquiring an additional 957,295 shares during the period. Nuveen LLC acquired a new stake in shares of Owens Corning during the 1st quarter worth approximately $91,698,000. Finally, First Trust Advisors LP increased its position in shares of Owens Corning by 164.6% during the second quarter. First Trust Advisors LP now owns 920,726 shares of the construction company’s stock valued at $126,618,000 after purchasing an additional 572,770 shares during the period. 88.40% of the stock is owned by institutional investors.

Owens Corning Company Profile

Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.